Sundance Strategies (SUND) 10-Q 14 Nov 13 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Sep. 30, 2013	Nov. 14, 2013
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Entity Registrant Name	'Sundance Strategies, Inc.	'
Entity Central Index Key	'0001171838	'
Current Fiscal Year End Date	'--03-31	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	42,261,441

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Mar. 31, 2013
Current Assets	'	'
Cash and Cash Equivalents	$979,557	$545,417
Total Current Assets	979,557	545,417
Other Assets	'	'
Advance for Investment in Net Insurance Benefits	6,414,063	'
Investment in Net Insurance Benefits	6,299,000	6,299,000
Total Other Long-term Assets	12,713,063	6,299,000
Total Assets	13,692,620	6,844,417
Current Liabilities	'	'
Accounts Payable and Accrued Expenses	143,578	89,082
Advances	4,000	4,000
Notes Payable-related party	3,441	3,441
Notes Payable	2,999,000	2,999,000
Total Current Liabilities	3,150,019	3,095,523
Total Liabilities	3,150,019	3,095,523
Stockholders' Equity	'	'
Preferred Stock, authorized 10,000,000 shares, par value $0.001; -0- shares issued and outstanding	'	'
Common Stock, authorized 500,000,000 shares, par value $0.001; 42,261,441 and 40,797,441 shares issued and outstanding	42,261	40,798
Subscription Receivable	-5,735	-37,510
Additional Paid In Capital	11,263,661	3,850,257
Additional Paid In Capital-Stock to be issued	752,500	'
Deficit accumulated during development stage	-1,510,086	-104,651
Total Stockholders' Equity	10,542,601	3,748,894
Total Liabilities and Stockholders' Equity	$13,692,620	$6,844,417

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Condensed Consolidated Balance Sheets [Abstract]	'	'
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, par value per share	$0.00	$0.00
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, shares authorized	500,000,000	500,000,000
Common Stock, par value per share	$0.00	$0.00
Common Stock, shares issued	42,261,441	40,797,441
Common Stock, shares outstanding	42,261,441	40,797,441

Condensed_Consolidated_Stateme

Condensed Consolidated Statement of Operations (USD $)	3 Months Ended	6 Months Ended	8 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
Condensed Consolidated Statement of Operations [Abstract]	'	'	'
INCOME	'	'	'
OPERATING EXPENSES	'	'	'
General and Administrative Expenses	186,681	1,101,756	1,155,658
Professional Fees	124,128	242,918	287,090
Total Operating Expenses	310,809	1,344,674	1,442,748
Loss from Operations	-310,809	-1,344,674	-1,442,748
Other Income (Expense)	'	'	'
Interest Income	'	21	21
Interest Expense	-30,709	-60,782	-67,359
Total Other Income (Expense)	-30,709	-60,761	-67,338
Loss Before Income Taxes	-341,518	-1,405,435	-1,510,086
Income Tax Provision	'	'	'
NET LOSS	($341,518)	($1,405,435)	($1,510,086)
Basic and Diluted Loss Per Share of Common Stock	($0.01)	($0.03)	'
Weighted Average Number of Shares Outstanding	42,261,441	41,781,441	'

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended	8 Months Ended
	Sep. 30, 2013	Sep. 30, 2013
OPERATING ACTIVITIES	'	'
Net Loss	($1,405,435)	($1,510,086)
Adjustments to reconcile to cash from operating activities:	'	'
Share Based Compensation - options	659,867	659,867
Advance for investments in net insurance benefits	-6,414,063	-6,414,063
Accounts payable and accrued expenses	14,496	95,824
Investment in net insurance benefits	'	-3,300,000
Net Cash from Operating Activities	-7,145,135	-10,468,458
FINANCING ACTIVITIES	'	'
Proceeds from advances from related parties	'	'
Common Stock issued for cash	6,826,775	10,695,515
Common Stock to be issued	752,500	752,500
Net Cash from Financing Activities	7,579,275	11,448,015
NET DECREASE IN CASH	434,140	979,557
CASH AT BEGINNING OF PERIOD	545,417	'
CASH AT END OF PERIOD	979,557	979,557
NON CASH FINANCING ACTIVITIES:	'	'
Common stock issued for subscription receivable	'	5,735
Life insurance policies purchased with debt	'	2,999,000
Liabilities assumed through the merger	'	15,195
Fair value of warrants issued as stock issuance costs	$139,251	$139,251

ORGANIZATION_AND_BASIS_OF_PRES

ORGANIZATION AND BASIS OF PRESENTATION	6 Months Ended
	Sep. 30, 2013
ORGANIZATION AND BASIS OF PRESENTATION [Abstract]	'
ORGANIZATION AND BASIS OF PRESENTATION	'
	(1) ORGANIZATION AND BASIS OF PRESENTATION
	The condensed consolidated unaudited interim financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The condensed consolidated financial statements and notes are presented as permitted on Form 10-Q and do not contain information included in the Company's annual statements and notes. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these condensed consolidated financial statements be read in conjunction with the March 31, 2013 audited consolidated financial statements and the accompanying notes thereto. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the Company's consolidated condensed financial statements and accompanying notes. Actual results could differ materially from those estimates.
	These condensed consolidated unaudited financial statements reflect all adjustments, including normal recurring adjustments which, in the opinion of management, are necessary to present fairly the operations and cash flows for the periods presented.
	Sundance Strategies, Inc. (formerly known as Java Express, Inc.) was organized under the laws of the State of Nevada on December 14, 2001, for the purpose of selling coffee and other related items to the general public from retail coffee shop locations. These endeavors ceased in 2006, and it had no material business operations from 2006, until its acquisition of ANEW LIFE, INC. ("ANEW LIFE"), a subsidiary of Sundance Strategies, Inc. ("Sundance Strategies," the "Company" or "we"). The Company is a specialty financial services company which engaged in the secondary market for life insurance known generally as "life settlements." The Company purchases the net insurance benefit contracts ("NIB") on life insurance policies between the sellers and purchasers, but does not take possession or control of the policies. The purchasers acquire the life insurance policies at a discount to their face value for investment purposes. The purchasers have available credit to pay premiums and expenses on the underlying policies until settlement. On settlement, the Company receives the NIB after all borrowings, interest, and expenses have been paid out of the settlement proceeds.

NEW_ACCOUNTING_PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Sep. 30, 2013
NEW ACCOUNTING PRONOUNCEMENTS [Abstract]	'
NEW ACCOUNTING PRONOUNCEMENTS	'
	(2) NEW ACCOUNTING PRONOUNCEMENTS
	The Company has reviewed recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements.

INVESTMENT_IN_NET_INSURANCE_BE

INVESTMENT IN NET INSURANCE BENEFITS	6 Months Ended
	Sep. 30, 2013
INVESTMENT IN NET INSURANCE BENEFITS [Abstract]	'
INVESTMENT IN NET INSURANCE BENEFITS	'
	(3) INVESTMENT IN NET INSURANCE BENEFITS
	From time to time, we purchase interests in the NIB on life insurance policies to hold for investment purposes. ASC 325-30, "Investments in Insurance Contracts," provides that a purchaser may elect to account for its investments in net insurance settlement contracts based on the initial investment at the purchase price plus all initial direct costs. Typically, continuing costs (e.g., policy premiums, statutory interest and direct external costs, if any) to keep the underlying insurance policy in force are capitalized within the carrying value. The Company is not responsible for maintaining premiums or other expenses related to maintaining the net insurance settlement contracts. Instead, the NIB is reduced by policy premium payments and expenses and the capitalized carrying value remains unchanged. We hold a 100% interest on the NIBs on the life insurance policies as of September 30, 2013. The potential proceeds the Company receives from this interest will be net of the policy premium payments, interest and other expenses incurred by the policy holders. We have elected to use the investment method and refer to the recorded amount as the carrying value of the policies.
	The carrying value of the investment in NIB contracts totaled $6,299,000 as of September 30, 2013. The table below describes the Investment in Net Insurance Benefit Contracts and the underlying policies at September 30, 2013:
	Policies With Remaining Life	Number of Interests				Face Value of
	Expectancy	in Life				Underlying
	(in years)	Settlement Contracts				Policies
	0-1		0			$	-
	2-Jan		0				-
	3-Feb		0				-
	4-Mar		0				-
	5-Apr		4				16,000,000
	Thereafter		18				113,365,234
	Total of all policies		22			$	129,365,234
	The face value of the underlying policies of $129,365,234 represents the total insurance settlement on the life insurance policies as of September 30, 2013, including the increase for certain policies that have return of premium provisions of $326,301. Effectively, as of September 30, 2013, the policy holders had paid $22,316,954 on policy premiums and other expenses on the insurance contracts. The policy holders are independent of the Company, and as separate entities there is a risk that such entities might not continue to pay the policy premiums and other expenses as has been done historically. The Company monitors the policy holders' ability to maintain the underlying policies, and in the event the policy holders are unable to make the required payments the Company would evaluate whether to directly maintain the underlying policies or allow them to elapse. The policy holders currently have senior loan agreements and MPIC reinsurance to cover these payments. As of September 30, 2013, none of the underlying policies have elapsed and the required payments remain current.
	We evaluate the carrying value of our investment in policies on a regular basis and adjust our total basis in the policies using new or updated information that affects our assumptions about remaining life expectancy, credit worthiness of the policy issuer, funds needed to maintain the asset until maturity, discount rates and potential return. We recognize impairment on NIB contract if the expected undiscounted cash flows are less than the carrying amount of the investment, plus anticipated undiscounted future premiums and direct external costs, if any. Impairment of the NIB contract is generally caused by the insured significantly exceeding the estimate of the original life expectancy, which causes the original policy costs and projected future premiums to exceed the estimated maturity value. We have not recognized an impairment from January 31, 2013 (inception) to the period ended September 30, 2013. The risks that we might experience as a result of investing in policies are an unknown remaining life expectancy, a change in credit worthiness of the policy issuer, increased or changes to applicable regulation of the investment, shortage of funds needed to maintain the asset until maturity and changes in discount rates. The policy holder is currently financing the premiums. There are also risks associated with the policy holder's ability to repay such financing and the occurrence of events of default under such financing.
	Beyond the investment and initial direct costs incurred at the acquisition of the NIB contracts, which are capitalized and reported on the financial statements, the Company is not liable or directly responsible for the historical or future premiums or other expenses and interest because they are maintained by the policy holders or other external parties. Therefore, the investment balance on the Company's balance sheet does not increase when premiums or other expenses are paid. The table below describes the future estimated premiums payments, other expenses and interest paid by external parties expected to be paid on the policies through the estimated death date as of September 30, 2013:
	Year	Premiums		Expenses + Interest		Total
	Year 1	$	(4,090,200)	$	(2,129,869)	$	(6,220,069)
	Year 2		-4,413,200		(3,791,449)		(8,204,649)
	Year 3		(4,456,461)		-2,537,915		(6,994,376)
	Year 4		-3,891,704		(3,090,988)		(6,982,692)
	Year 5		-3,816,127		(2,774,967)		(6,591,094)
	Thereafter		-19,599,674		(11,647,356)		(31,247,030)
	Total	$	(40,267,366)	$	(25,972,544)	$	(66,239,910)
	The projected premiums, interest and expenses were created using the expected remaining life expectancies on the policies and other key assumptions. The expenses and interest calculations were based on current senior lender interest
	rates, current reinsurance interest rates, origination fees, servicing fees and other custodial fees expected during the life of the investment. The senior lender provides the loans at a high rate of interest and loan payments are guaranteed by the MPIC or reinsurance coverage. The policy holders receive ongoing fees and a small percentage of death benefits when a policy matures which we included in the estimated expenses. The NIBs are received after all other costs and expenses are paid.
	The majority of our Investment in Net Insurance Benefits was purchased as part of a transfer agreement that was purchased for $5,999,000, with a portion paid in cash of $3,000,000 and the remainder covered by a secured note in the amount of $2,999,000. The note is secured by 50% of the NIBs, which will be reduced as future payments are made on the note. The Company paid $300,000 to consultants for arranging the purchase of the NIBs. The Company has capitalized this cost as an initial direct external cost in acquiring the investment.

ADVANCE_FOR_INVESTMENT_IN_NET_

ADVANCE FOR INVESTMENT IN NET INSURANCE BENEFITS	6 Months Ended
	Sep. 30, 2013
ADVANCE FOR INVESTMENT IN NET INSURANCE BENEFITS [Abstract]	'
ADVANCE FOR INVESTMENT IN NET INSURANCE BENEFITS	'
	(4) ADVANCE FOR INVESTMENT IN NET INSURANCE BENEFITS
	On June 7, 2013, the Company entered into an Asset Transfer Agreement (the "Del Mar ATA") with Del Mar Financial, S.a.r.l. ("Del Mar"). The Del Mar ATA involved the purchase of certain life settlement assets consisting of 100% of the legal and net beneficial ownership interest in a portfolio of life insurance policies (the "NIBs"), among other assets that are consideration and collateral for certain cash advances and expense payments made by the Company. The end result of the Del Mar ATA and the advance was not to purchase the NIBs provided as collateral, but instead to provide sufficient capital to Del Mar for the conversion of a portion of the NIBs and other potential NIBs into "Qualified NIBS" before December 31, 2013, having a combined face amount of $400,000,000, with "Qualified NIBs" meaning that the NIBs would have premium financing secured for up to five years; that any grouping of NIBs would have not less than 10 policies; that the average age of the insureds under the life insurance policies would be approximately 81 years; and that the NIBs would have mortality protection insurance coverage ("MPIC"). All remaining NIBs that are not converted to "Qualified NIBs" and all other assets conveyed to the Company as collateral to assure delivery of the Qualified NIBs will be re-conveyed to Del Mar upon receipt of combined Qualified NIBs having a face amount equal to $400,000,000. In the event Del Mar is unable to provide the Qualified NIBs by December 31, 2013, the Company will have the option of selling any of the assets acquired up to a liquidated damages settlement payment equal to 100% of any cash payments made under the Del Mar ATA. If the full balance of Qualified NIBs is provided by Del Mar, the Company will have paid $20,000,000 of consideration, $8,000,000 of which would be in cash and the remaining $12,000,000 in promissory notes. Promissory notes may be issued, pro rata, as Qualified NIBs are received. The promissory notes have a two year term from the effective date and bear an interest rate of 4.0% per annum. Total interest and principal amounts are due upon maturity.
	As part of the Del Mar ATA, the Company entered into a Structuring and Consulting Agreement with Europa ("Europa Agreement").  The Company is required to pay a structuring fee of 1% of the face amount of the life insurance policies underlying all NIBs introduced and acquired, payable as follows: 50% of the fee on the delivery of the NIBs; and the remaining 50% being payable on the conversion of the NIBs to Qualified NIBs as defined in the Del Mar ATA.  The total restructuring fee will be up to $4,000,000.  In the event that any cash consideration by the Company under the Del Mar ATA exceeds the defined $8,000,000 cash threshold, the amount payable under the Structuring and Consulting Agreement will be reduced on a dollar for dollar basis for any such overage.  The total purchase price will not exceed $24,000,000 under the Del Mar ATA, which is comprised of $12,000,000 in cash consideration and $12,000,000 in promissory notes.
	As of September 30, 2013, the Company had advanced $6,414,063 in payments and covered expenses under the Del Mar ATA and Europa Agreement, and no tranches of "Qualified NIBs" had been delivered to the Company.

COMMITMENTS_CONTINGENCIES_AND_

COMMITMENTS, CONTINGENCIES AND LEGAL MATTERS	6 Months Ended
	Sep. 30, 2013
COMMITMENTS, CONTINGENCIES AND LEGAL MATTERS [Abstract]	'
COMMITMENTS, CONTINGENCIES AND LEGAL MATTERS	'
	(5) COMMITMENTS, CONTINGENCIES AND LEGAL MATTERS
	Management of the Company has conducted a diligent search and concluded that there were no commitments, contingencies, or legal matters pending at the balance sheet dates that have not been disclosed.

RELATED_PARTY_PAYABLES

RELATED PARTY PAYABLES	6 Months Ended
	Sep. 30, 2013
RELATED PARTY PAYABLES [Abstract]	'
RELATED PARTY PAYABLES	'
	(6) RELATED PARTY PAYABLES
	At September 30, 2013, the Company owed $3,441 to related parties (officers and directors) for expenses paid on behalf of the Company. The Company made no payments in the current period on these related party transactions as of September 30, 2013.

NOTES_PAYABLE

NOTES PAYABLE	6 Months Ended
	Sep. 30, 2013
NOTES PAYABLE [Abstract]	'
NOTES PAYABLE	'
	(7) NOTES PAYABLE
	On March 11, 2013, the Company purchased an interest in NIBs totaling $5,999,000, with a portion paid in cash of $3,000,000 and the remainder covered by a secured note in the amount of $2,999,000. The note bears a compounding per annum interest rate of 4% with a maturity date of December 31, 2013. Payment of principal and interest are due in full on maturity date. The note is secured by 50% of the NIBs. The lender has first priority status on benefits paid and the percentage secured decreases as payments are made on the note. At September 30, 2013, the Company owed the full amount of the original principal and $67,359 in accrued interest.  See Note 12.

STOCK_OPTIONS

STOCK OPTIONS	6 Months Ended
	Sep. 30, 2013
STOCK OPTIONS [Abstract]	'
STOCK OPTIONS	'
	(8) STOCK OPTIONS
	On April 1, 2013, the Company granted a 5,000 share stock option to a former director, Jini Suttner. Ms. Suttner was a founder and a director of ANEW LIFE and was designated as a director of Sundance Strategies on the closing of the ANEW LIFE Merger on March 29, 2013, but resigned on April 1, 2013. The stock option was granted as compensation for her service, in conjunction with its planned adoption of a stock option or similar plan to be adopted in the near future for the benefit of employees, officers and directors that will outline the terms and conditions of the stock option, not, however, to have any effect on the grant date, the exercise price or vesting that have been approved. The stock option has an exercise price of $0.77 per share, which vested immediately, and a contractual term of five years.
	The Company valued these options using the Black-Scholes option pricing model applying the simplified method for the expected term under the following assumptions: $1.0294 market price, $0.77 exercise price, 2.5 years expected life, 73% expected volatility, 0.30% risk free rate.
	On April 5, 2013, the Company issued 1,700,000 stock options to certain officers, employees, members of the Board of Directors of the Company and in conjunction with its planned adoption of a stock option or similar plan to be adopted in the near future for the benefit of employees, officers and directors, not, however, to have any effect on the grant date, the exercise price or vesting that have been approved. The stock options have an exercise price of $0.77 per share. All options have a contractual term of five years.
	The 1,500,000 stock options vest in several tranches, wherein 937,500 vested on the grant date, and the remaining 562,500 stock options vest in equal tranches of 187,500 stock options on the grant date anniversary for the following three years. The Company valued the 1,500,000 options using the Black-Scholes option pricing model applying the simplified method under the following assumptions: $1.0294 market price, $0.77 exercise price, 3.5 years expected life, 68% volatility, .51% risk free rate.
	The 200,000 stock options granted, 50,000 vested as of the grant date, and the remaining 150,000 stock options vesting in equal tranches on the grant date anniversary for the following three years. The Company valued the 200,000 options using the Black-Scholes option pricing model applying the simplified method under the following assumptions: $1.0294 market price, $0.77 exercise price, 3.5 years expected life, 68% volatility, .51% risk free rate.
	On April 5, 2013, the Company also issued 80,000 stock options to non-employees which vest immediately. The Company records the stock-based compensation awards issued to non-employees and other external entities for goods and services at either the fair market value of the goods received or services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the measurement date guidelines enumerated in FASB ASC 505-50-30. The Company valued the 80,000 options using the Black-Scholes option pricing model under the following assumptions: $1.0294 market price, $0.77 exercise price, 5 years expected life, 79% volatility, .68% risk free rate.
	The Company has recorded stock-based compensation expense of $659,867 related to these options for the six months ended September 30, 2013.
	Date Issued	Number of Options	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Remaining Contractual Term	Intrinsic Value
	Balance March 31, 2013	-	$	-	$	-	-	$	-
	Granted	1,785,000		0.77		0.96	4.80		463,029
	Exercised	-		-		-	-		-
	Cancelled/Expired	-		-		-	-		-
	Outstanding as of September 30, 2013	1,785,000	$	0.77	$	0.96	4.55	$	7,550,550
	Ending Vesting	1,072,500	$	0.77	$	0.96	4.55	$	4,536,675
	The remaining $374,931 will be recognized ratably over the requisite service period.

WARRANTS

WARRANTS	6 Months Ended
	Sep. 30, 2013
WARRANTS [Abstract]	'
WARRANTS	'
	(9) WARRANTS
	On April 8, 2013, the Company approved a private placement of its common stock that provided for the payment of introduction fees in the form of cash and warrants and later amended. As a result of investments totaling $7,000,000 in this private offering by persons introduced to the Company, the Company authorized the issuance of 70,000 warrants to purchase 70,000 shares of the Company's common stock. The warrants have an exercise price of $5.00 per share and have a contractual life of two years from the effective date of the funds invested in the offering by the parties introduced to the Company, which was May 31, 2013. The Company recorded $139,251 in stock issuance costs related to the warrants as of September 30, 2013.
	The Company valued the 70,000 warrants using the Black-Scholes option pricing model under the following assumptions: $5.00 market price, $5.00 exercise price, 2 years expected life, 73% expected volatility, 0.30% risk free rate.
		Number of Options	Weighted Average Exercise Price		Grant Date Fair Value		Remaining Contractual Term	Intrinsic Value
	Outstanding as of March 31, 2013	-	$	-	$	-	-	$	-
	Granted	70,000		5.00		1.96	1.92		-
	Cancelled/Expired	-		-		-	-		-
	Outstanding as of September 30, 2013	70,000	$	5.00	$	1.96	1.67	$	-
	Ending Vesting	70,000	$	5.00	$	1.96	1.67	$	-
	The Company recognized the full $139,251 as stock issuance costs during the six months ended September 30, 2013.

STOCK_TRANSACTIONS

STOCK TRANSACTIONS	6 Months Ended
	Sep. 30, 2013
STOCK TRANSACTIONS [Abstract]	'
STOCK TRANSACTIONS	'
	(10) STOCK TRANSACTIONS
	Preferred Stock
	The Company has authorized 10,000,000 shares of its preferred stock at a par value of $0.001 per share. As of September 30, 2013 there were no preferred shares issued and outstanding.
	Common Stock
	As of September 30, 2013, the Company has 500,000,000 shares of common stock authorized with a par value of $0.001 per share and 42,261,441 shares of common stock issued and outstanding.
	On April 8, 2013, the Company approved a private offering of up to 3,000,000 common shares of restricted stock to investors at $5.00 per share. The purpose of the offering is to acquire additional NIBs. As of the September 30, 2013, the Company has collected $8,072,500, for 1,614,500 common shares of restricted stock of which 1,464,000 shares were issued for cash of $7,320,000 and 150,500 shares are to be issued for cash of $752,500; paid $545,000 of the $585,000 due in introduction fees; and agreed to issue two year warrants to acquire 70,000 shares of the Company's common stock at an exercise price of $5.00 per share.

GOING_CONCERN

GOING CONCERN	6 Months Ended
	Sep. 30, 2013
GOING CONCERN [Abstract]	'
GOING CONCERN	'
	(11) GOING CONCERN
	The Company's financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. At September 30, 2013, the Company had an accumulated deficit of $1,510,086 and a working capital deficit of $2,170,462. In addition, the Company is a development stage entity and has not generated any revenues and has negative operating cash flows from inception through September 30, 2013. These factors raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustment that might result from the outcome of this uncertainty.
	The Company's continued existence is dependent on its ability to generate sufficient cash flow to cover operating expenses and to invest in future operations. Management is actively pursuing opportunities to expand existing operations. The Company will look to debt and or equity transactions to fund continuing operations until the Company is able to generate sufficient operating cash flows. If management is unsuccessful in these efforts, discontinuance of operations is possible.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Sep. 30, 2013
SUBSEQUENT EVENTS [Abstract]	'
SUBSEQUENT EVENTS	'
	(12) SUBSEQUENT EVENTS
	On October 3, 2013, the Company made additional payments of costs and expenses as required in the Del Mar ATA, totaling $1,717,022, to release the liens on all of the assets acquired by the Company under the Del Mar ATA.
	On October 11, 2013, the Company issued 400,000 stock options to an employee, with 10% of the options vesting six months after the date of issuance and the remaining options to vest monthly over the next 36 months subject to continuing employment with the Company. The options have an exercise price of $5 per share and a contractual term of 5 years.
	On October 29, 2013, the Company and Europa, with the agreement of Del Mar, amended the Europa Agreement and the Del Mar ATA to acknowledge that the Total Up Front Cash Payment due from the Company under the Del Mar ATA and Europa Agreement shall not exceed $12,000,000; that the Company would receive a credit on a dollar for dollar basis of the Cash Payment and all costs and expenses paid under the Del Mar ATA over $8,000,000, against all fees due Europa under the Europa Agreement or the Del Mar ATA; and acknowledged receipt of $8,241,319 having been paid by the Company in such Cash Payment and costs and expenses.
	On October 29, 2013, the Company also entered into an Exclusivity Agreement with the consultant to Europa under the Europa Agreement under which the Company advanced $25,000 to such consultant for services related to the purchase of Qualified NIBs associated with the $400,000,000 in life insurance policies under the Del Mar ATA.
	On November 5, 2013, the Company entered into an Amended and Restated Promissory Note (the "Amended Note") that amended the $2,999,999 secured note reference in Note 7 above regarding its initial purchase of NIBs as follows: (i) the Amended Note was payable to Del Mar rather than its initial payee (ii) the due date of the Amended Note was extended from December 31, 2013, to April 11, 2015; (iii) the Amended Note provided that in the event that $400,000,000 of Qualified NIBs have been acquired by the Company in accordance with the Del Mar ATA or otherwise were accepted by the Company, even though not meeting the precise definition of "Qualified NIBs" in the Del Mar ATA, and the Company issues a bond prior to April 11, 2014, the then outstanding principal balance of the Amended Note shall be reduced to $2,000,000 (if the then outstanding principal balance exceeds $2,000,000 at the time); (iv) at any time after April 11, 2014, until the Maturity Date, the Company shall have the option, in its sole discretion and without qualification, and on five days notice to holder, to decrease the then outstanding principal balance of the Amended Note to $1,500,000; provided, further, that upon the exercise of such option, the Collateral described in the Pledge Agreement regarding such notes shall be reduced from 50% to 40% of the Company's NIBs; and (v) the Amended Note may be prepaid, in whole or in part, by the Company at any time without penalty.  Any net death benefit or bond proceeds paid to maker or the Company in connection with the assets purchased under the PCH NIBs Transfer Agreement dated March 11, 2013, shall be used to prepay the Amended Note; provided, however, no such death benefits or bond proceeds paid to the maker or the Company shall be accounted for in any manner that would cause the Company to not receive the full benefit of the reductions of the principal balance of the Amended Note outlined in items (iii) and (iv), above, without qualification, except the conditions outlined in items (iii) and (iv), above.  The Amended Note also provided that notwithstanding anything herein or in any agreement referenced herein to the contrary, once accrued interest and $1,500,000 has been paid, the Amended Note shall be deemed to be paid in full, and all collateral shall be the sole and separate property of the Company, without exception.  The Company may set off any claim it has against holder in payment of the Amended Note, without qualification."
	On November 5, 2013, the Amended Note was assigned by the Company to Del Mar; Del Mar assigned it to another party for $1,000,000 retaining a buyback option (the "Buyback Option") for a period of 12 months from the date of the assignment of the Amended Note to buy back the Amended Note at a price equal to the $1,000,000,  plus an additional 2.0% for each month (whole or partial) that had elapsed from the date of the assignment to the date that the Buyback Option is exercised (the "Buyback Price"). Further, notwithstanding the foregoing, the Buyback Price shall in no circumstances be less than an amount equal to $1,120,000.00 (the "Minimum Buyback Price").  The Company acquired this Buyback Option from Del Mar on the same date, with the provision that it would revert to Del Mar if it had delivered and the Company had accepted $400,000,000 of Qualified NIBs under the Del Mar ATA.
	Subsequent to the quarter ended September 30, 2013, the Company sold 1,384,000 common shares for aggregate gross proceeds of $6,920,000.  All subscriptions have been paid except three of the investors' subscriptions are due, respectively, on November 18, 2013 ($2,000,000); November 30, 2013 ($3,000,000); and December 15, 2013 ($1,500,000).  The Company is obligated to pay introduction fees on these three investors' funds, on receipt of these funds, equal to 8% of the gross proceeds thereof or $520,000.  It has paid $6,400 in introduction fees on two other subscriptions received and paid subsequent to September 30, 2013.  $100,000 was also received for 20,000 of the shares that were subscribed in the quarter ended September 30, 2013. These shares have not been issued; nor have 170,500 shares subscribed for during the quarter ended September 30, 2013.

INVESTMENT_IN_NET_INSURANCE_BE1

INVESTMENT IN NET INSURANCE BENEFITS (Tables)	6 Months Ended
	Sep. 30, 2013
INVESTMENT IN NET INSURANCE BENEFITS [Abstract]	'
Schedule of Investments in Net Insurance Benefit Contracts	'
	The table below describes the Investment in Net Insurance Benefit Contracts and the underlying policies at September 30, 2013:
	Policies With Remaining Life	Number of Interests				Face Value of
	Expectancy	in Life				Underlying
	(in years)	Settlement Contracts				Policies
	0-1		0			$	-
	2-Jan		0				-
	3-Feb		0				-
	4-Mar		0				-
	5-Apr		4				16,000,000
	Thereafter		18				113,365,234
	Total of all policies		22			$	129,365,234
Schedule of Future Estimated Premiums, Payments and Other Expenses Expected to be Paid on Insurance Benefit Contracts	'
	The table below describes the future estimated premiums payments, other expenses and interest paid by external parties expected to be paid on the policies through the estimated death date as of September 30, 2013:
	Year	Premiums		Expenses + Interest		Total
	Year 1	$	(4,090,200)	$	(2,129,869)	$	(6,220,069)
	Year 2		-4,413,200		(3,791,449)		(8,204,649)
	Year 3		(4,456,461)		-2,537,915		(6,994,376)
	Year 4		-3,891,704		(3,090,988)		(6,982,692)
	Year 5		-3,816,127		(2,774,967)		(6,591,094)
	Thereafter		-19,599,674		(11,647,356)		(31,247,030)
	Total	$	(40,267,366)	$	(25,972,544)	$	(66,239,910)

STOCK_OPTIONS_Tables

STOCK OPTIONS (Tables)	6 Months Ended
	Sep. 30, 2013
STOCK OPTIONS [Abstract]	'
Schedule of Stock Option Activity	'
	The Company has recorded stock-based compensation expense of $659,867 related to these options for the six months ended September 30, 2013.
	Date Issued	Number of Options	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Remaining Contractual Term	Intrinsic Value
	Balance March 31, 2013	-	$	-	$	-	-	$	-
	Granted	1,785,000		0.77		0.96	4.80		463,029
	Exercised	-		-		-	-		-
	Cancelled/Expired	-		-		-	-		-
	Outstanding as of September 30, 2013	1,785,000	$	0.77	$	0.96	4.55	$	7,550,550
	Ending Vesting	1,072,500	$	0.77	$	0.96	4.55	$	4,536,675

WARRANTS_Tables

WARRANTS (Tables)	6 Months Ended
	Sep. 30, 2013
WARRANTS [Abstract]	'
Schedule of Warrant Activity	'
		Number of Options	Weighted Average Exercise Price		Grant Date Fair Value		Remaining Contractual Term	Intrinsic Value
	Outstanding as of March 31, 2013	-	$	-	$	-	-	$	-
	Granted	70,000		5.00		1.96	1.92		-
	Cancelled/Expired	-		-		-	-		-
	Outstanding as of September 30, 2013	70,000	$	5.00	$	1.96	1.67	$	-
	Ending Vesting	70,000	$	5.00	$	1.96	1.67	$	-

INVESTMENT_IN_NET_INSURANCE_BE2

INVESTMENT IN NET INSURANCE BENEFITS (Narrative) (Details) (USD $)	6 Months Ended
	Sep. 30, 2013	Nov. 05, 2013	Mar. 31, 2013
INVESTMENT IN NET INSURANCE BENEFITS [Abstract]	'	'	'
Investment in Net Insurance Benefits	$6,299,000	'	$6,299,000
Life settlement policies, face value	129,365,234	'	'
Total amount policy holders have paid on policy premiums and other expenses on insurance contracts	22,316,954	'	'
Return of premium provisions on investments in net insurance benefits	326,301	'	'
Face value of net insurance benefits purchased through pledge agreement	5,999,000	'	'
Amount of cash paid for the net insurance benefits purchased through pledge agreement	3,000,000	'	'
Secured note payable, face amount	2,999,000	2,999,999	'
Capitalized consultant fee	$300,000	'	'

INVESTMENT_IN_NET_INSURANCE_BE3

INVESTMENT IN NET INSURANCE BENEFITS (Schedule of Investment in Net Insurance Benefit Contracts) (Details) (USD $)	Sep. 30, 2013
Number of Interests in Life Settlement Contracts:	'
Number of interests in life settlement contracts, next twelve months	'
Number of interests in life settlement contracts, year two	'
Number of interests in life settlement contracts, year three	'
Number of interests in life settlement contracts, year four	'
Number of interests in life settlement contracts, year five	4
Number of interests in life settlement contracts, thereafter	18
Number of interests in life settlement contracts, total	22
Face Value of Underlying Policies:	'
Face value of underlying policies, next twelve months	'
Face value of underlying policies, year two	'
Face value of underlying policies, year three	'
Face value of underlying policies, year four	'
Face value of underlying policies, year five	16,000,000
Face value of underlying policies, thereafter	113,365,234
Face value of underlying policies, total	$129,365,234

INVESTMENT_IN_NET_INSURANCE_BE4

INVESTMENT IN NET INSURANCE BENEFITS (Schedule of Future Estimated Premiums Payments, Other Expenses and Interest Paid By External Parties) (Details) (USD $)	Sep. 30, 2013
Premiums:	'
Premiums to be paid, year one	($4,090,200)
Premiums to be paid, year two	-4,413,200
Premiums to be paid, year three	-4,456,461
Premiums to be paid, year four	-3,891,704
Premiums to be paid, year five	-3,816,127
Premiums to be paid, thereafter	-19,599,674
Premiums to be paid, total	-40,267,366
Expenses + Interest:	'
Expense + Interest to be paid, year one	-2,129,869
Expense + Interest to be paid, year two	-3,791,449
Expense + Interest to be paid, year three	-2,537,915
Expense + Interest to be paid, year four	-3,090,988
Expense + Interest to be paid, year five	-2,774,967
Expense + Interst to be paid, thereafter	-11,647,356
Expense + Interest, total	-25,972,544
Total Premiums, Interest and Expenses:	'
Total to be paid, year one	-6,220,069
Total to be paid, year two	-8,204,649
Total to be paid, year three	-6,994,376
Total to be paid, year four	-6,982,692
Total to be paid, year five	-6,591,094
Total to be paid, thereafter	-31,247,030
Premiums, interest and expenses, total	($66,239,910)

ADVANCE_FOR_INVESTMENT_IN_NET_1

ADVANCE FOR INVESTMENT IN NET INSURANCE BENEFITS (Details) (USD $)	6 Months Ended
	Sep. 30, 2013	Oct. 29, 2013	Mar. 31, 2013
ADVANCE FOR INVESTMENT IN NET INSURANCE BENEFITS [Abstract]	'	'	'
Face amount of net insurance benefits required to be delivered to the company per the asset transfer agreement	$400,000,000	$400,000,000	'
Total consideration that would be paid by the company if all net insurance benefits are provided under the asset transfer agreement with Del Mar Financial, S.a.r.l.	20,000,000	'	'
The total cash consideration that would be paid by the company if all net insurance benefits are provided under the asset transfer agreement with Del Mar Financial, S.a.r.l.	8,000,000	'	'
Face amount of promissory note that would be issued by the company if all net insurance benefits are provided under the asset transfer agreement with Del Mar Financial, S.a.r.l.	12,000,000	'	'
Restructuring charges accrued	4,000,000	'	'
Advance for Investment in Net Insurance Benefits	6,414,063	'	'
Total purchase price	24,000,000	'	'
Maximum purchase price payable by promissory notes	$12,000,000	'	'

RELATED_PARTY_PAYABLES_Details

RELATED PARTY PAYABLES (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
RELATED PARTY PAYABLES [Abstract]	'	'
Notes Payable-related party	$3,441	$3,441

NOTES_PAYABLE_Details

NOTES PAYABLE (Details) (USD $)	6 Months Ended
	Sep. 30, 2013	Nov. 05, 2013
NOTES PAYABLE [Abstract]	'	'
Face value of net insurance benefits purchased through pledge agreement	$5,999,000	'
Amount of cash paid for the net insurance benefits purchased through pledge agreement	3,000,000	'
Secured note payable, face amount	2,999,000	2,999,999
Secured note payable, interest rate	4.00%	'
Secured note payable, maturity date	31-Dec-13	'
Accrued interest payable	$67,359	'

STOCK_OPTIONS_Narrative_Detail

STOCK OPTIONS (Narrative) (Details) (USD $)	0 Months Ended	6 Months Ended	1 Months Ended
	Oct. 11, 2013	Sep. 30, 2013	Apr. 30, 2013	Apr. 30, 2013	Apr. 30, 2013	Apr. 30, 2013	Apr. 30, 2013
			Former Director [Member]	Employee Stock Option Group One [Member]	Employee Stock Option Group Two [Member]	Employee Stock Option Group Three [Member]	Nonemployee Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'	'
Granted	'	1,785,000	5,000	1,500,000	200,000	1,700,000	80,000
Stock Price	'	$5	$1.03	$1.03	$1.03	'	$1.03
Exercise price	'	'	$0.77	$0.77	$0.77	$0.77	$0.77
Expected life	'	'	'2 years 6 months	'3 years 6 months	'3 years 6 months	'	'5 years
Volatility	'	'	73.00%	68.00%	68.00%	'	79.00%
Risk free rate	'	'	0.30%	0.51%	0.51%	'	0.68%
Stock option term	'	'	'5 years	'5 years	'5 years	'5 years	'5 years
Vesting rate	10.00%	'	'	'	'	'	'
Vest rate of options on grant date	'	'	'	937,500	50,000	'	'
Vest rate at anniversary date	'	'	'	187,500	150,000	'	'
Remaining options	'	'	'	562,500	'	'	'
Stock-based compensation expense	'	$659,867	'	'	'	'	'
Unrecognized compensation cost related to stock options	'	$374,931	'	'	'	'	'
Unrecognized compensation cost related to stock options, weighted average service period	'	'3 years	'	'	'	'	'

STOCK_OPTIONS_Schedule_of_Stoc

STOCK OPTIONS (Schedule of Stock Option Activity) (Details) (USD $)	0 Months Ended	6 Months Ended
	Oct. 11, 2013	Sep. 30, 2013
Number of Options	'	'
Outstanding as of March 31, 2013	1,785,000	'
Granted	'	1,785,000
Exercised	'	'
Cancelled/Expired	'	'
Outstanding as of September 30, 2013	'	1,785,000
Ending Vesting	'	1,072,500
Weighted Average Exercise Price	'	'
Outstanding as of March 31, 2013	$0.77	'
Granted	'	$0.77
Exercised	'	'
Cancelled/Expired	'	'
Outstanding as of September 30, 2013	$5	$0.77
Ending Vesting	'	$0.77
Weighted Average Grant Date Fair Value	'	'
Outstanding as of March 31, 2013	0.96	'
Granted	'	$0.96
Exercised	'	'
Cancelled/Expired	'	'
Outstanding as of September 30, 2013	'	0.96
Ending Vesting	'	$0.96
Remaining Contractual Term	'	'
Granted	'	'4 years 9 months 18 days
Exercised	'	'
Remaining contractual term, outstanding shares	'5 years	'4 years 6 months 14 days
Ending Vesting	'	'4 years 6 months 14 days
Intrinsic Value	'	'
Outstanding as of March 31, 2013	$7,550,550	'
Granted	'	$463,029
Exercised	'	'
Cancelled/Expired	'	'
Outstanding as of September 30, 2013	'	7,550,550
Ending Vesting	'	$4,536,675

WARRANTS_Narrative_Details

WARRANTS (Narrative) (Details) (USD $)	6 Months Ended	8 Months Ended	1 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Apr. 30, 2013	Apr. 08, 2013
			Warrants [Member]	Warrants [Member]
Class of Warrant or Right [Line Items]	'	'	'	'
Private placement investment amount	'	'	$7,000,000	'
Number of warrants authorized for issuance	'	'	'	70,000
Shares of common stock issuable under warrants	139,251	139,251	'	70,000
Warrant Term	'	'	'2 years	'
Stock Price	$5	$5	'	$5
Exercise price of warrants	5	5	'	5
Expected Term	'	'	'2 years	'
Volatility	'	'	73.00%	'
Risk free rate	'	'	0.30%	'
Fair value of warrants issued as stock issuance costs	$139,251	$139,251	'	'

WARRANTS_Schedule_of_Warrant_A

WARRANTS (Schedule of Warrant Activity) (Details) (USD $)	6 Months Ended
	Sep. 30, 2013
Number of Options	'
Outstanding as of March 31, 2013	'
Granted	70,000
Cancelled/Expired	'
Outstanding as of September 30, 2013	70,000
Ending Vesting	70,000
Weighted Average Exercise Price	'
Outstanding as of March 31, 2013	'
Granted	$5
Cancelled/Expired	'
Outstanding as of September 30, 2013	$5
Ending Vesting	$5
Weighted Average Grant Date Fair Value	'
Outstanding as of March 31, 2013	'
Granted	$1.96
Cancelled/Expired	'
Outstanding as of September 30, 2013	$1.96
Ending Vesting	$1.96
Remaining Contractual Term	'
Granted	'1 year 11 months 1 day
Cancelled/Expired	'
Remaining contractual term, outstanding shares	'1 year 8 months
Ending Vesting	'1 year 8 months
Intrinsic Value	'
Outstanding as of March 31, 2013	'
Granted	'
Cancelled/Expired	'
Outstanding as of September 30, 2013	'
Ending Vesting	'

STOCK_TRANSACTIONS_Details

STOCK TRANSACTIONS (Details) (USD $)	3 Months Ended		6 Months Ended	8 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Apr. 08, 2013	Mar. 31, 2013
STOCK TRANSACTIONS [Abstract]	'	'	'	'	'	'
Preferred Stock, shares authorized	'	10,000,000	10,000,000	10,000,000	'	10,000,000
Preferred Stock, par value per share	'	$0.00	$0.00	$0.00	'	$0.00
Preferred Stock, shares issued	'	0	0	0	'	0
Preferred Stock, shares outstanding	'	0	0	0	'	0
Common Stock, shares authorized	'	500,000,000	500,000,000	500,000,000	'	500,000,000
Common Stock, par value per share	'	$0.00	$0.00	$0.00	'	$0.00
Common Stock, shares issued	'	42,261,441	42,261,441	42,261,441	'	40,797,441
Common Stock, shares outstanding	'	42,261,441	42,261,441	42,261,441	'	40,797,441
Proceeds from issuance of common stock	'	'	$6,826,775	$10,695,515	'	'
Maximum number of common shares of restricted stock offered through private placement	'	'	'	'	3,000,000	'
Stock Price	'	$5	$5	$5	'	'
Proceeds from issuance of common share issued through private placement	'	'	8,072,500	'	'	'
Number of shares of restricted stock sold through private placement	'	'	1,614,500	'	'	'
Issued restricted stock, shares	'	'	1,464,000	'	'	'
Issued restricted stock	'	'	7,320,000	'	'	'
Common Stock issued for cash, shares	1,384,000	'	150,500	'	'	'
Common Stock issued for cash	6,920,000	'	752,500	'	'	'
Total introduction fees payable	'	585,000	585,000	585,000	'	'
Payment of introduction fees	$6,400	$520,000	$545,000	'	'	'
Shares of common stock issuable under warrants	'	70,000	70,000	70,000	'	'
Exercise price of warrants	'	5	5	5	'	'

GOING_CONCERN_Details

GOING CONCERN (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
GOING CONCERN [Abstract]	'	'
Accumulated deficit	$1,510,086	$104,651
Working capital deficit	($2,170,462)	'

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	0 Months Ended		1 Months Ended	3 Months Ended		6 Months Ended
	Oct. 03, 2013	Oct. 11, 2013	Oct. 29, 2013	Dec. 31, 2013	Sep. 30, 2013	Sep. 30, 2013	Dec. 15, 2013	Nov. 30, 2013	Nov. 18, 2013	Nov. 05, 2013	Mar. 31, 2013
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Stock options issued during period	'	400,000	'	'	'	'	'	'	'	'	'
Vesting rate	'	10.00%	'	'	'	'	'	'	'	'	'
Exercise price per share	'	$5	'	'	$0.77	$0.77	'	'	'	'	'
Term of options granted	'	'5 years	'	'	'	'4 years 6 months 14 days	'	'	'	'	'
Advances	'	'	$25,000	'	$4,000	$4,000	'	'	'	'	$4,000
Face amount of net insurance benefits required to be delivered to the company per the asset transfer agreement	'	'	400,000,000	'	400,000,000	400,000,000	'	'	'	'	'
Payment for expenses	1,717,022	'	8,241,319	'	'	'	'	'	'	'	'
Secured note payable, face amount	'	'	'	'	2,999,000	2,999,000	'	'	'	2,999,999	'
Secured note payable, interest rate	'	'	'	'	4.00%	4.00%	'	'	'	'	'
Amount outstanding	'	'	'	'	'	'	'	'	'	2,000,000	'
Remaining amount outstanding	'	'	'	'	'	'	'	'	'	1,500,000	'
Common Stock issued for cash, shares	'	'	'	1,384,000	'	150,500	'	'	'	'	'
Common Stock issued for cash	'	'	'	6,920,000	'	752,500	'	'	'	'	'
Subscriptions receivable	'	'	'	'	100,000	100,000	1,500,000	3,000,000	2,000,000	'	'
Subscriptions receivable, shares	'	'	'	170,500	20,000	20,000	'	'	'	'	'
Payment of introduction fees	'	'	'	6,400	520,000	545,000	'	'	'	'	'
Minimum [Member]	'	'	'	'	'	'	'	'	'	'	'
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Payment for expenses	'	'	12,000,000	'	'	'	'	'	'	'	'
Maximum [Member]	'	'	'	'	'	'	'	'	'	'	'
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Payment for expenses	'	'	8,000,000	'	'	'	'	'	'	'	'
BuyBack Option [Member]	'	'	'	'	'	'	'	'	'	'	'
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Secured note payable, face amount	'	'	'	'	'	'	'	'	'	1,000,000	'
Secured note payable, interest rate	'	'	'	'	'	'	'	'	'	2.00%	'
BuyBack Option [Member] | Minimum [Member]	'	'	'	'	'	'	'	'	'	'	'
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Secured note payable, face amount	'	'	'	'	'	'	'	'	'	$1,120,000	'